The World Bank’s International Finance Corporation has agreed a financing package for a 1GW solar PV power plant paired with 600MWh of energy storage in Egypt.
A total of around 4.9GW/14GWh of grid-scale BESS entered commercial operations around the world last month, a 29% fall year-on-year owing to an unusually slow month in China.
Two major Middle East and North Africa (MENA) region projects combining solar PV and battery storage have progressed in Saudi Arabia and Egypt through ACWA Power and Scatec, respectively.